Exchange Capital Management Inc. Boosts Position in Masco Co. (NYSE:MAS)

Exchange Capital Management Inc. boosted its position in shares of Masco Co. (NYSE:MAS) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,252 shares of the construction company’s stock after purchasing an additional 389 shares during the quarter. Exchange Capital Management Inc.’s holdings in Masco were worth $1,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. ORG Wealth Partners LLC acquired a new stake in Masco in the fourth quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in Masco in the 4th quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in Masco in the fourth quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new position in Masco during the third quarter worth $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Masco in the third quarter worth approximately $43,000. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAS. Truist Financial lifted their target price on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. UBS Group dropped their price objective on shares of Masco from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on shares of Masco from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Barclays raised their price objective on shares of Masco from $84.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a report on Friday, January 10th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.32.

Masco Stock Down 1.1 %

Shares of NYSE MAS opened at $74.03 on Tuesday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The firm has a market cap of $15.69 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.25. The firm’s 50 day moving average price is $76.06 and its 200 day moving average price is $78.81. Masco Co. has a 1 year low of $63.81 and a 1 year high of $86.70.

Masco (NYSE:MAS) last released its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same period last year, the company earned $0.83 earnings per share. As a group, sell-side analysts anticipate that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 21st will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, February 21st. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is 32.98%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.